finoshn
Long

PNB - Uptrend move

NSE:PNB   PUNJAB NATL BANK
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The first line drawn goes back to 2009. This support zone can be easily seen with a 1W chart and happens to be s good support zone . The second line drawn is a near term support line drawn to position ourselves. In the one hour chart, you can witness a good buy towards the close of the market and the day (5/2) didn't breach the second support line drawn. This looks to be a good buy on 5th Feb or atleast in the range on 6th morning and price to go up to 59 rupees as first target and can also possible continue breaching the 59 line support line..
Comment: Apologies, not one hour chart but the one day chart
Comment: First target achieved on 6/2. Hit 59 rupees.

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